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Stocks Ready to Break Out

Discussion in 'Trade Journals' started by TraderHR, Nov 21, 2019.

  1. TraderHR

    TraderHR Member

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  2. TraderHR

    TraderHR Member

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    Beyond Meat, Inc. (BYND) is approaching a potential breakout point in the 132-133 area after two weeks of consolidation in a symmetrical triangle formation. Targets in a case of breakout: 140, 160.
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  3. TraderHR

    TraderHR Member

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    Cott Corporation (COT) is consolidating in the ascending triangle pattern with lateral resistance at 15.00 which if broken could lead to a new wave toward 15.5.
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  4. TraderHR

    TraderHR Member

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    Facebook, Inc. (FB) broke lateral resistance (an all-time high at 222.75) and continue higher in strong momentum which could be extended into the next few trading days and send prices to retest upper Bollinger band around 228. For potential entry watch for confirmation of trend around 223.7.
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  5. TraderHR

    TraderHR Member

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    NantKwest, Inc. (NK) price has been consolidating in bullish pennant formation over the last two weeks with resistance around 7.3 area. Break above that resistance in the coming days could trigger new momentum with a target around 10-12 area.
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  6. TraderHR

    TraderHR Member

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    Teva Pharmaceutical Industries Limited (TEVA) – price is approaching lateral resistance in the 11.1 area which if broken could reverse the multi-month bearish trend and move price toward 12.00 area.

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  7. TraderHR

    TraderHR Member

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    M&T Bank Corporation (MTB) is in a bullish flag formation with resistance around 172.7. If a breakout occurs target is 179.
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  8. TraderHR

    TraderHR Member

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    Hertz Global Holdings, Inc. (HTZ) reached resistance in the 17 area of its 3 months long rectangle pattern. Break of that resistance in the coming days could trigger a new up wave with targets in the 17.8-18.5 range.
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  9. TraderHR

    TraderHR Member

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    STERIS plc (STE) is consolidating in a rectangle pattern formation with resistance at 155, which if broken in the coming days could trigger momentum
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  10. TraderHR

    TraderHR Member

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